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McDonald's Likely to Highlight Strategy at Investor Event, UBS Says

MT Newswires Live
Sep 22

McDonald's (MCD) is expected to highlight its strategy to improve performance, including updated financial targets, at its investor day event Sept. 23, UBS said in a Monday note.

The note said focus will be on plans to improve US performance, details on NEXT growth strategy, global unit growth forecasts, and a refreshed long-term financial framework.

The report said investor expectations for the event are "reasonably" low, with sentiment on shares remaining more negative amid concerns around pressured sales trends and a

challenging industry backdrop.

Still, the report said risk/reward is attractive with shares at the lower end of historical valuation ranges, adding that plans to drive US sales growth and its defensive characteristics should provide earnings stability in a volatile environment.

UBS kept its buy rating while lowering its price target to $320 from $340.

Price: 248.01, Change: -0.23, Percent Change: -0.09

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